Ethereum Co-Founder Vitalik Buterin Claims He Is No Longer A Billionaire

Buterin No Longer the World's Youngest Crypto Billionaire

On May 20, Vitalik Buterin made a revelation on Twitter, saying: “I’m not a billionaire anymore.”

Buterin became the world's youngest crypto billionaire last year when he had a crypto portfolio worth $1.5 billion in November 2021 with an estimated net worth of 355,000 ETH. Perhaps his portfolio took a massive plunge, as Ethereum (ETH) has lost over 50% value since then.

While Buterin has not made public his entire cryptocurrency portfolio, it is expected that the majority of his crypto holdings is in Ethereum.

Ethereum Too Suffered from Terra's Aftermath

According to data from Coingecko, Ethereum (ETH), which was trading at around $2,700 on May 7, fell to a low of $1,824 a few days later following the collapse of Terra blockchain's LUNA and UST.

At the time of writing, ETH is currently trading at around $1,969, down 59.5% from an all-time high of $4,878 recorded in November 2021.